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Hearing held on student loans in bankruptcy (access required)

By: Reni Gertner
Published: September 25, 2009

Tags: , , , ,

A House Judiciary subcommittee held a hearing Wednesday to examine the issue of whether private student loan debt should be dischargeable in bankruptcy. Under the 2005 bankruptcy reform law, student loans are nondischargeable except in cases of "undue hardship." Rep. Steve Cohen, D-Tenn., chair of the House Judiciary Subcommittee on Commercial and Administration Law said that this ...
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